226 E 88th, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 1 bath
Loading property details...
Los Angeles, California 90003
This Value-Add Residential Asset is listed at $580,000, representing a stable entry point aligned with its $570,066 Fair Market Value. Featuring a Condition Rating of 5, the property requires significant rehabilitation of major systems and a modern reconfiguration of its 3-bedroom, 1-bathroom layout to resolve functional obsolescence. The 4,100 sqft lot offers substantial potential for expansion or an Accessory Dwelling Unit (ADU) to drive future ROI in a high-demand urban pocket. Located within the Los Angeles Unified district, this property is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on a full-scale renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 226 E 88th Subject | $580,000* List Price | 3 | 1 | 984 | $579 | - |
A 214 E 76th Place Sold | $455,000 | 4 | 1 | 855 | $532 | 0.9 mi |
B 222 W 87th Sold | $680,000 | 3 | 1 | 1,328 | $512 | 0.4 mi |
C 437 W 81st Street Sold | $565,000 | 1 | 1 | 964 | $586 | 0.9 mi |
D 427 W 92nd Street Sold | $605,000 | 1 | 1 | 832 | $727 | 0.7 mi |
E 341 W 88th Active | $675,000 List Price | 3 | 1 | 1,026 | $658 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1971, making it 53 years old. The listing's own analysis highlights its age and the potential need for 'significant updates or renovations to meet modern standards and preferences' for major systems and aesthetics. The presence of only one bathroom for three bedrooms indicates an outdated layout and functionality. Without any interior photos or mention of recent renovations, it's highly probable that the property requires substantial rehabilitation to meet current living standards.
Situated in Los Angeles, a highly sought-after metropolitan area, offering access to diverse amenities, employment, and cultural opportunities.
As a standalone single-family home, it offers privacy, a yard, and greater appreciation potential compared to attached housing types.
With three bedrooms, the property is well-suited for families or individuals seeking extra space for guests, a home office, or hobbies.
The presence of only one bathroom for a three-bedroom home can be a significant inconvenience for families or multiple occupants, potentially impacting daily functionality and resale appeal.
With 984 sqft, the interior living space is relatively small for a three-bedroom layout, which may lead to a cramped feel and limit furniture arrangement options.
Built in 1971, the property is over 50 years old, suggesting that major systems (plumbing, electrical, HVAC) and aesthetics may require significant updates or renovations to meet modern standards and preferences.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 984 | 1,096 | 38% |
| Lot Size | 4,100 | 5,184.5 | 19% |
| Price | $580.0K | $607.5K | 38% |
| Price per sq ft | $589 | $530 | 67% |
| Built year | 1971 | 1923 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 134 | 201 | 26% |
Dec 9, 2025
$580,000
Initial Listing
Dec 27, 2000
$142,500
Public Record
Mar 2, 2000
$97,500
Public Record
Apr 4, 1996
$129,000
Public Record